Protean eGov Technologies IPO: Price Band To Issue Size, here’s what you need to know

Protean eGov Technologies IPO Limites is a leading Pubilc Limited Indian Non-Government Company incorporated in India on 27 December 1995 and has a history of 27 years and five months. Its registered office is in Mumbai, Maharashtra, India. This company formerly known as NSDL E-Governance Infrastructure and it is established a price band of 752-792 per share for its initial public offering to expand 490.3 crore. Since the news has come on the internet it went viral. Currently, many people are super curious to know about the whole information about it. In this article, we will give information about the news. So let’s continue the article.

Protean eGov

The firm is going to launch its three-day IPO on 6 November 2023 and will close it on 8 November. Protean eGov IPO got the Securities and Exchange Board of India (SEBI) nod the previous November. It pointed to primary papers with markets controller SEBI in December 2021 to expand funds via IPO. The IPO is a full offer for sale (OFS) by its existing promoters and shareholders. All the money increased through the issue will go to its selling shareholders. The company has cut its OFS size to 61.9 lakh stakes from 1.28 crore as scheduled earlier. Scroll down to the next page for more information about the news.

As per the report, Up to 4.60 lakh shares by 360 One Special Opportunities Fund, up to 3.21 lakh shares by 360 One Special Opportunities Fund Series 2, up to 1.48 lakh shares by 360 One Special Opportunities Fund Series 3, up to 3.97 lakh shares by 360 One Special Opportunities Fund Series 3 in OFS Including till. A Special Opportunities Fund Series 4, 360 up to 3.09 lakh shares A Special Opportunities Fund Series 5. You are on the right page for more information about the news, so please read the complete article.

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Meantime, NSE Investments would empty 17.8 lakh shares, HDFC Bank shall sell 7.06 lakh shares whereas Axis Bank and Deutsche Bank AG will also offload 7.12 lakh shares in the OFS. Also, UTI and Union Bank of India are going to sell around 2.43 lakh shares and 4 lakh shares, respectively. 50% of the net issue is dedicated to institutional customers, 15 percent to elevated net-worth individuals, and the remaining 35 percent to retail investors. The offer also contains a scruple of 1.5 lakh equity shares for the firm’s workers at a value of 75 each share to the last offer price. Here we have shared all the information if we get any information which we had. Stay tuned to us for more updates.

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Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.